Occidental Petroleum (NYSE:OXY) Posts Earnings Results, Beats Estimates By $0.44 EPS

Occidental Petroleum (NYSE:OXY) posted its quarterly earnings results on Tuesday. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.44, FiscalAI reports. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was down 8.3% on a year-over-year basis.

Occidental Petroleum Price Performance

NYSE:OXY traded down $0.90 during trading hours on Tuesday, hitting $59.37. 9,223,648 shares of the company’s stock traded hands, compared to its average volume of 13,392,948. The firm has a market cap of $58.87 billion, a P/E ratio of 36.87 and a beta of 0.17. Occidental Petroleum has a 52 week low of $38.72 and a 52 week high of $67.45. The business’s fifty day simple moving average is $57.92 and its two-hundred day simple moving average is $47.99. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 64.60%.

Institutional Investors Weigh In On Occidental Petroleum

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Occidental Petroleum by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after purchasing an additional 1,883,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Occidental Petroleum by 54.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock worth $162,820,000 after purchasing an additional 1,393,638 shares during the last quarter. Wellington Management Group LLP lifted its stake in Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after purchasing an additional 1,361,541 shares during the last quarter. Invesco Ltd. lifted its stake in Occidental Petroleum by 18.9% during the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after purchasing an additional 1,071,948 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Occidental Petroleum by 134.3% during the third quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock worth $85,798,000 after purchasing an additional 1,040,941 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Q1 earnings EPS beat — Occidental reported $1.06 EPS vs. Street $0.62, beating estimates and showing stronger-than-expected profit metrics (net margin ~9.1%). That EPS outperformance is supporting bullish investor sentiment. Shale producer Occidental Petroleum beats quarterly profit estimates
• Positive Sentiment: Analyst upgrade/price-target raise — Raymond James bumped its OXY target from $64 to $75 and kept an “outperform” rating, implying meaningful upside vs. current levels and likely supporting buying interest. Raymond James adjusts Occidental Petroleum PT to $75 from $64
• Positive Sentiment: Options activity showed bullish positioning ahead of earnings — traders piled into bullish options on OXY, a sign of increased speculative/hedged demand that can amplify moves on favorable news. Bulls are piling into this Warren Buffett favorite ahead of earnings
• Neutral Sentiment: Company filing/slide deck available — Occidental posted the formal Q1 release and investor slide deck with full financial schedules, useful for digging into segment results, cash flow and guidance (neutral but provides detail for analysts). Occidental Announces First Quarter 2026 Results
• Neutral Sentiment: Analyst commentary / peer comparison — Recent coverage (e.g., Fool.com) comparing Chevron and Occidental frames longer-term positioning and capital-allocation trade-offs; useful context but not an immediate catalyst. Better Oil Stock: Chevron vs. Occidental Petroleum
• Negative Sentiment: Revenue missed estimates — Revenue came in at ~$5.11B vs. consensus ~$5.44B, signalling demand or volume/gross-margin pressure despite the EPS beat; that top-line miss is a clear negative for some investors. Q1 slide deck
• Negative Sentiment: CEO transition announced — Occidental disclosed a leadership change (Vicki Hollub stepping down/transition), which can raise near-term uncertainty about strategy and execution until succession details are fully digested. Occidental Petroleum Announces CEO Transition and Leadership Changes

Analysts Set New Price Targets

OXY has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, April 13th. Raymond James Financial raised their price target on Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday. Argus raised Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. BMO Capital Markets raised their price target on shares of Occidental Petroleum from $60.00 to $65.00 and gave the company a “market perform” rating in a report on Tuesday, April 7th. Finally, UBS Group raised their price target on shares of Occidental Petroleum from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.91.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.